Real Estate
Numerous private-equity firms are raising distressed-debt funds as they seek to buy cheap assets that have been throttled by the coronavirus pandemic. Of all the PE firms known for their distressed chops, Blackstone has experienced a series of departures from its credit ranks over the past four or five years. Many of them were in its distressed division within GSO, after Blackstone decided to shutter its hedge fund and pursue longer-term investments instead. We took a look at where 11 of their top distressed alumni have landed.

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